management charge
noun[C]
ukusFINANCE
anamountofmoneychargedby aninvestmentfundor abroker(= apersonor acompanythatbuysandsellsshares, etc. forothers)forinvestingsomeone'smoney:
The onlycosttoinvestorsis anannualmanagementchargeof 0.6percent.
PROPERTY
anamountofmoneychargedby apersonorcompanythatmanagespropertyfor theowner:
Themanagementchargecoversawiderangeofcostsinvolvedin theday-to-dayrunningof theretirementvillage.